Nexxen International Ltd (NASDAQ:NEXN) shares, rose in value, with the stock price up by 2.26% to the previous day’s close as strong demand from buyers drove the stock to $9.05.
Actively observing the price movement in the last trading, the stock closed the session at $8.85, falling within a range of $8.815 and $9.09. The value of beta (5-year monthly) was 2.687 whereas the PE ratio was 17.80 over 12-month period. Referring to stock’s 52-week performance, its high was $11.00, and the low was $5.41. On the whole, NEXN has fluctuated by 26.57% over the past month.
With the market capitalization of Nexxen International Ltd currently standing at about $577.57 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-04.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 388.65M, with a low estimate of 72.9M and a high estimate of 78.9M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 75.08M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NEXN’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of NEXN currently trading nearly 10.34% and 6.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.79, while the 7-day volatility ratio is showing 3.67% which for the 30-day chart, stands at 6.74%. Furthermore, Nexxen International Ltd (NEXN)’s beta value is 1.71, and its average true range (ATR) is 0.54.
A comparison of Nexxen International Ltd (NEXN) with its peers suggests the former has fared considerably weaker in the market. NEXN showed an intraday change of 2.26% in last session, and over the past year, it grew by 63.65%%.
Data on historical trading for Nexxen International Ltd (NASDAQ:NEXN) indicates that the trading volumes over the past 10 days have averaged 0.41 and over the past 3 months, they’ve averaged 355.96K. According to company’s latest data on outstanding shares, there are 65.55 million shares outstanding.
Nearly 12.83% of Nexxen International Ltd’s shares belong to company insiders and institutional investors own 17.65% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.36 million shares as on 2025-03-31, resulting in a short ratio of 0.81. According to the data, the short interest in Nexxen International Ltd (NEXN) stood at 87.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 0.42 million. The stock has fallen by -9.68% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NEXN stock heading into the next quarter.
